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Nike: Is a Turnaround in the Stock Near?

TheMotleyFool 
0 0 05.10.25
Nike: Is a Turnaround in the Stock Near?Photo, wide shot, wide-angle lens, Toy manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/2788fcd3-d339-4592-8f5c-a3b9125dc61f.png
 

Nike (NYSE: NKE) shares rallied after the sneaker and apparel maker's fiscal first-quarter results showed some signs of a potential turnaround. The stock, however, is still down slightly on the year and has fallen by more than 40% over the past five years.

Let's take a closer look at Nike's recent earnings to see if a turnaround is near and if investors should be buying the stock.

Image source: Getty Images.

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Source Fool.com

Nike Inc. B Stock

€34.90
1.420%
There is an upward development for Nike Inc. B compared to yesterday, with an increase of €0.49 (1.420%).
Currently there is a rather positive sentiment for Nike Inc. B with 70 Buy predictions and 5 Sell predictions.
As a result the target price of 64 € shows a very positive potential of 83.41% compared to the current price of 34.9 € for Nike Inc. B.
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